Foreign account tax

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Department of the Treasury and. FATCA indicia [ edit ]. Wikimedia Commons Wikidata item.

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Foreign Account Tax Compliance Act (FATCA): Definition and Rules
The Foreign Account Tax Compliance Act (FATCA) is a law that requires foreign financial institutions to report on the assets held by U.S. account holders. Under FATCA, certain U.S. taxpayers holding financial assets outside the United States must report those assets to the IRS on Form The Foreign Account Tax Compliance Act (FATCA) is a law intended to curb the practice of using offshore accounts and financial assets to evade US taxes.